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SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $22.6B
1-Year Est. Return 40.24%
This Fund
S&P 500
This Quarter Est. Return
+16.07%
1 Year Est. Return
+40.24%
3 Year Est. Return
+127.54%
5 Year Est. Return
+152.65%
10 Year Est. Return
+534.6%
AUM
$14.7B
AUM Growth
+$2.07B
Cap. Flow
+$354M
Cap. Flow %
2.42%
Top 10 Hldgs %
23.75%
Holding
986
New
30
Increased
237
Reduced
486
Closed
23

Top Buys

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$132M
2
BMY icon
Bristol-Myers Squibb
BMY
+$104M
3
TSLA icon
Tesla
TSLA
+$97.6M
4
MBB icon
iShares MBS ETF
MBB
+$50.1M
5
GILD icon
Gilead Sciences
GILD
+$47.7M

Top Sells

Rank Stock Value
1
PINS icon
Pinterest
PINS
+$84M
2
AGNC icon
AGNC Investment
AGNC
+$57.1M
3
JPM icon
JPMorgan Chase
JPM
+$52.7M
4
AVY icon
Avery Dennison
AVY
+$46.3M
5
CBRE icon
CBRE Group
CBRE
+$46M

Sector Composition

Rank Sector Weight
1 Technology 22.87%
2 Healthcare 14.37%
3 Financials 11.76%
4 Consumer Discretionary 10.09%
5 Communication Services 8.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JKHY icon
501
Jack Henry & Associates
JKHY
$11B
$3.21M 0.02%
19,810
-200
-1% -$31.8K
CONE
502
DELISTED
CyrusOne Inc Common Stock
CONE
$3.21M 0.02%
43,864
+1,300
+3% +$94.3K
UAL icon
503
United Airlines
UAL
$40.2B
$3.18M 0.02%
73,612
-600
-0.8% -$24.3K
IAA
504
DELISTED
IAA, Inc. Common Stock
IAA
$3.18M 0.02%
49,000
+200
+0.4% +$12K
Y
505
DELISTED
Alleghany Corp
Y
$3.16M 0.02%
5,231
– –
BIO icon
506
Bio-Rad Laboratories Class A
BIO
$9.48B
$3.15M 0.02%
5,400
-100
-2% -$57K
CHE icon
507
Chemed
CHE
$7.18B
$3.1M 0.02%
5,820
– –
HUBB icon
508
Hubbell
HUBB
$26.7B
$3.1M 0.02%
19,759
– –
GEN icon
509
Gen Digital
GEN
$17.5B
$3.09M 0.02%
148,829
-14,500
-9% -$293K
SCI icon
510
Service Corp International
SCI
$11.4B
$3.09M 0.02%
62,930
-1,300
-2% -$61.7K
RNR icon
511
RenaissanceRe
RNR
$13.2B
$3.07M 0.02%
18,493
-200
-1% -$34K
FSLR icon
512
First Solar
FSLR
$25.7B
$3.05M 0.02%
30,839
– –
CSL icon
513
Carlisle Companies
CSL
$15.3B
$3.04M 0.02%
19,449
-400
-2% -$56.2K
GNTX icon
514
Gentex
GNTX
$5.02B
$3.03M 0.02%
89,296
-200
-0.2% -$6.17K
MKSI icon
515
MKS Inc
MKSI
$19.8B
$3.02M 0.02%
20,040
– –
TXT icon
516
Textron
TXT
$15.3B
$3.01M 0.02%
62,218
-3,300
-5% -$139K
OHI icon
517
Omega Healthcare
OHI
$14.4B
$3M 0.02%
82,661
– –
HAS icon
518
Hasbro
HAS
$13.3B
$3M 0.02%
32,072
-400
-1% -$35.6K
EHC icon
519
Encompass Health
EHC
$12.4B
$3M 0.02%
45,539
– –
FBIN icon
520
Fortune Brands Innovations
FBIN
$5.73B
$2.99M 0.02%
40,822
-468
-1% -$34.1K
ARW icon
521
Arrow Electronics
ARW
$10.3B
$2.98M 0.02%
30,675
-1,200
-4% -$106K
CIEN icon
522
Ciena
CIEN
$54.9B
$2.97M 0.02%
56,263
+300
+0.5% +$13.3K
CNP icon
523
CenterPoint Energy
CNP
$26.4B
$2.96M 0.02%
136,999
-9,200
-6% -$204K
RGA icon
524
Reinsurance Group of America
RGA
$15.8B
$2.96M 0.02%
25,497
+100
+0.4% +$11.2K
SMG icon
525
ScottsMiracle-Gro
SMG
$3.63B
$2.94M 0.02%
14,784
– –
19 20
21
22 23

Similar funds

FAM
Fred Alger Management New York $22.8B AUM 64.63% 1-Year Est. Return
BA
Bridgewater Associates Westport, Connecticut $22.4B AUM 34.48% 1-Year Est. Return
Tiger Global Management
Tiger Global Management New York $22.8B AUM 30.07% 1-Year Est. Return
Capital Fund Management (CFM)
Capital Fund Management (CFM) Paris, France $22.1B AUM 20.49% 1-Year Est. Return
CAM
Cresset Asset Management Chicago, Illinois $23.1B AUM 27.04% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 1-Year Est. Return
IC
IEQ Capital Foster City, California $21.5B AUM 75.26% 1-Year Est. Return

State of Michigan Retirement System's Q4 2020 Portfolio in Review

As of Q4 2020, State of Michigan Retirement System held 986 positions worth $14.7B, up 16% from $12.6B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

State of Michigan Retirement System's Q4 2020 filing shows 30 new, 237 increased, 486 reduced and 23 closed positions. Its largest new stake was Tesla: 572,100 shares worth $135M. The largest sale was Pinterest, an estimated $84M.

By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 22% a quarter earlier, followed by Healthcare and Financials.

  • State of Michigan Retirement System's largest Q4 2020 buy was Tesla: 572,100 shares worth $135M.
  • State of Michigan Retirement System added most to Apple in Q4 2020, an estimated $132M increase.
  • State of Michigan Retirement System's biggest Q4 2020 reduction was Pinterest, cutting an estimated $84M.
  • State of Michigan Retirement System fully exited AGNC Investment in Q4 2020, selling an estimated $57.1M.
  • State of Michigan Retirement System's ten largest holdings make up 24% of its $14.7B portfolio in Q4 2020.
  • State of Michigan Retirement System opened 30 new positions and closed 23 in Q4 2020.
  • State of Michigan Retirement System's portfolio value rose 16% quarter-over-quarter to $14.7B.

Based on State of Michigan Retirement System's 13F filing for Q4 2020, filed 1 Feb 2021.